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Investor Presentaiton

Q1 2021 Korea / China - Highlights Korea Below outlook primarily due to Maple Story and KartRider Rush+ PC1 revenues increased by 21% Y/Y MapleStory: Grew Y/Y driven by the well-received Winter update while underperforming in the latter part of the quarter. Please see the next page for more details FIFA ONLINE 42: Grew Y/Y driven by the well-received Lunar New Year package offerings and promotions Dungeon&Fighter (+13%) / Sudden Attack (+56%): Grew Y/Y • Mobile revenues increased by 42% Y/Y Strong contributions from The Kingdom of the Winds: Yeon, KartRider Rush+, and FIFA MOBILE³ Maplestory M: Grew 69% Y/Y China • Exceeded outlook primarily driven by Dungeon & Fighter Introduced Lunar New Year update(1/21 - 4/8) Q/Q MAUS decreased due to the waning effect of Lunar New Year update Q/Q paying users remained flat as core paying users continue to stay in the game; the number of paying users in Q1 was higher than our expectation, which led to slight revenue outperformance Q/Q ARPPU and revenue increased due to typical seasonality Y/Y MAUS and paying users decreased due to reduced user engagement as well as strengthened bot sanctions; ARPPU was roughly flat Y/Y revenue decreased due to decrease in active users and paying users YoY% change: YoY% change: (Unit: \ millions) As Reported: +26% Constant Currency4: +21% As Reported: Constant Currency4: -23% -26% 50,526 50,167 39,744 41,913 32,797 33,499 26,295 35,285 PC 23,317 29,240 19,219 22,362 33,047 24,231 18,596 10,504 10,435 14,882 Mobile 12,753 452 18,964 255 15,617 152 12,579 174 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 25,798 15,769 25,623 PC1 175 Mobile Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 1 PC revenues include other revenues besides PC online games and mobile games. 2 Official titles are EA SPORTS™ FIFA ONLINE 4 (PC) and EA SPORTS™ FIFA ONLINE 4 M (mobile). 3 Official title is EA SPORTS™ FIFA MOBILE. 4 Constant currency is a non-GAAP measure used to show performance unaffected by fluctuations in foreign currency exchange rates. Constant-currency basis amounts are calculated using the average foreign currency exchange rates for the comparable period in the prior year and applied to the current period. As an example, we calculate royalty revenues from China Dungeon&Fighter by applying the same CNY/USD, USD/KRW and KRW/JPY exchange rates from last year's same fiscal quarter. © 2021 NEXON Co., Ltd. All Rights Reserved. 8
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